Richard Suttmeier Quotes
If we fall below 7,700, we're looking at a potential fall to 7,200, where it was in October. That's a 500 point range, but it's one we could stay in for a while. 
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Fall | Potential | October | Point | Range |
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Greenspan is at risk of losing his credibility, based upon the fact he was so upbeat two or three weeks ago... If they don't bring rates up at this meeting, he will lose credibility -- that would send a horrible message to markets.
- Richard Suttmeier
All year long, it's been a tale of two markets. The momentum on the Dow is declining, and the Dow last week failed at its 200-day moving average, which is declining, two things that are negative for the Dow and for 'old economy' stocks. Whereas on the Nasdaq, since the big correction that we had, the Nasdaq momentum is now rising, and it traded back above its 200-day moving average, which is still rising. Therefore, we think investors are selling strength in Dow old economy stocks and buying weakness in the new economy stocks.
- Richard Suttmeier